FORM 3CB 3CD DURING 271B PROCEEDINGS
R.Venkadesh (Article Assistant) (165 Points)
28 July 2024R.Venkadesh (Article Assistant) (165 Points)
28 July 2024
Kev Men
(788 Points)
Replied 02 August 2024
As scrutiny proceedings are completed, penalty needs to be paid and notice of demand will have been issued. Kindly read the assessment order and ascertain further course of action if mentioned in the assessment order.
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 02 August 2024
filing of the audit report at this stage would not change anything in relation to the penalty proceedings. What you need to establish is that the assessee had a bonafide reason to believe that the audit was not applicable in his/her case.